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Dec 6, 2012
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as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter. and the two men have not moved from that basic position. now, all of this comes at the same time treasury secretary geithner also said for the first time the administration would be willing to go over the fiscal cliff if the gop does not agree to raise those rates. this was treasury secretary geithner earlier today on cnbc. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. all those americans, too, get a tax cut on the first $250,000 of their income. so, in some sense it's a tax cut for all americans. >> reporter: bottom line, anderson, we're talking today but still at stalemate. >> yeah, i mean, it's a sign, jessica and dana, of just how lack -- how little progress there's been that a phone call is big news between these two. dana, we're also hearing hints of some move between republicans, cobur
as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter. and the two men have not moved from that basic position. now, all of this comes at the same time treasury secretary geithner also said for the first time the administration would be willing to go over the fiscal cliff if the gop does not agree to raise those rates. this was treasury secretary geithner earlier today on cnbc. >> is the...
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Dec 1, 2012
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she has gotten more tax breaks since obama was president -- she pays a lower rate than she did for the past 60 years. guest: in terms of the retroactive application --there is a possibility we could come back in january and say we will reinstate those tax rates for everybody except those people making more than $250,000. host: we have about 30 seconds. the likelihood these credits will be reduced. guest: it will be a crapshoot. host: steven sloan from politico. thank you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> tomorrow, robert van order looks at the mortgage loan forgiveness. then bradford fitch discuss this orientation session for congress. members- elect in congress. after that, a member of the autistic self advocacy network on being an adult with autism, and the federal role supporting autistic adults and children. washington journal, live saturday at 7:00 a.m. eastern, on c-span. coming up, we will hear about the syrian civil war from a spokesman with the national coalition for a position, followed by a lo
she has gotten more tax breaks since obama was president -- she pays a lower rate than she did for the past 60 years. guest: in terms of the retroactive application --there is a possibility we could come back in january and say we will reinstate those tax rates for everybody except those people making more than $250,000. host: we have about 30 seconds. the likelihood these credits will be reduced. guest: it will be a crapshoot. host: steven sloan from politico. thank you. [captioning performed...
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Dec 6, 2012
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president obama's approval rating jumps to any highs, his best in three years. where does congress rank? you might not be surprised on that one. and forbes unveils its most powerful list. who comes out on top. and that much freshness is gonna take some getting used to... [ sniffing ] yep. it's amazing what a single scoop of gain freshness can do. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. [ male announcer ] taste it and describe the indescribable. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> good morning. i'm thomas roberts. top
president obama's approval rating jumps to any highs, his best in three years. where does congress rank? you might not be surprised on that one. and forbes unveils its most powerful list. who comes out on top. and that much freshness is gonna take some getting used to... [ sniffing ] yep. it's amazing what a single scoop of gain freshness can do. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food...
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Dec 5, 2012
12/12
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the rich paying a higher tax rate. got it? higher rate. in this interview on bloomberg tv, he made it. let's listen. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms in entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. >> there you heard it again, top rates have to go up, and rates. and some republicans are saying that the gop will ultimately say uncle. conservative columnist byron york, a very smart guy, wrote, quote, republicans will cave on the question of raising the tax rate for the highest income americans. the only question is whether they do so before or after the government goes over the so-called fiscal cliff. "new york times" columnist david brooks describes it this way. republicans will be raising middle class taxes in order to serve the rich. shaf
the rich paying a higher tax rate. got it? higher rate. in this interview on bloomberg tv, he made it. let's listen. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms in entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. >>...
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Dec 4, 2012
12/12
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president obama says no i need rates to go up on the rich. now he's saying rates have to go up. they have to go up on the rich. but then we can talk about lower them again next year. we'll chat. we'll have more time then we can discuss the loopholes abductional earn tough deductions to rates. >> we are 400 days away from the first primaries of the 2014 elect cycle. every day we get closer to those primaries the likelihood of a big deal, something large taking place gets less. so the president is saying there, never minds. what he's saying there -- he knows the political reality of this, having suffered the worst mid-term defeat of any president in 60 years. he knows what happens in mid-term elections. what he's saying is give me what i want now and i'll talk about it later but i'll talk about it at a time when it is next to impossible politically for either party to do anything that doesn't absolutely throw their respective bases. megyn: you had a power play piece yesterday that was all about how the president in your view is intent here not so much on winning these negotiations
president obama says no i need rates to go up on the rich. now he's saying rates have to go up. they have to go up on the rich. but then we can talk about lower them again next year. we'll chat. we'll have more time then we can discuss the loopholes abductional earn tough deductions to rates. >> we are 400 days away from the first primaries of the 2014 elect cycle. every day we get closer to those primaries the likelihood of a big deal, something large taking place gets less. so the...
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Dec 4, 2012
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raising rates. as he said today and prior to today, the math doesn't add up if you simply close loopholes, cap deductions, do those sorts of things. we're sort of where we always have been. it's where we have been for several years at least when it relates to congress and the president simply not being able to resolve what are fundamental differences. we talked about this before the election, andrea. the election was supposed to tell us something about what the american public wanted. president obama did win the election. you know, an event has happened as part of the many months where the public comes down on this. >> luke russert, john boehner did yesterday come out with their proposal, the house proposal. is that a nonstarter or move the ball a little bit? >> i would say it's a nonstarter for the white house, but it moves the ball a little bit in the sense it gives us an idea of what the house gop conference would be willing to accept and that is really to put it in place, caps, specific numbers,
raising rates. as he said today and prior to today, the math doesn't add up if you simply close loopholes, cap deductions, do those sorts of things. we're sort of where we always have been. it's where we have been for several years at least when it relates to congress and the president simply not being able to resolve what are fundamental differences. we talked about this before the election, andrea. the election was supposed to tell us something about what the american public wanted. president...
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Dec 4, 2012
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lost its top credit rating. got some good news from automakers. november was the best month for u.s. auto sales since january 2008. >>> our fourth story, showdown. john boehner today gave president obama a taste of his own medicine, putting out his proposal. i spoke with tom coburn this hour and he said the deal boehner's put on the table is the best compromise out there. listen. >> i'm certain that if this is not good enough for the white house, we will go over the fiscal cliff. >> if you read though, the boehner proposal carefully, no tax rate increases, which we know is a nonstarter for the president. so where does that leave us? john avlon is here to help us read through the lines of the deal, also crunch some of those numbers. first, we're talking about the $800 billion figure. that's in the lert john boehner wrote to the president. >> right. there is no numbers breaking that down. it's a where's the beef question. bumper sticker, we have the numbers but no details. boehner's aides will say that's where the negotiations come in. the devil's i
lost its top credit rating. got some good news from automakers. november was the best month for u.s. auto sales since january 2008. >>> our fourth story, showdown. john boehner today gave president obama a taste of his own medicine, putting out his proposal. i spoke with tom coburn this hour and he said the deal boehner's put on the table is the best compromise out there. listen. >> i'm certain that if this is not good enough for the white house, we will go over the fiscal cliff....
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Dec 4, 2012
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professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. [ woman ] ♪ what i want this season ♪ if you'd like to try and guess ♪ ♪ it is something very special ♪ i would readily confess [ dogs barking ] ♪ 'cause all i want this season ♪ ♪ is something from your heart ♪ la da da, la da da [ male announcer ] thinking of others this holiday season, travelers. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. th
professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. [ woman ] ♪ what i want this season ♪ if you'd like to try and guess ♪ ♪ it is something very special ♪ i would readily confess [ dogs barking ] ♪ 'cause all i want this season ♪ ♪ is something from your heart ♪ la da da, la da da [ male announcer ] thinking of others this holiday season, travelers....
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Dec 7, 2012
12/12
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if you look at president obama's job approval rating, it follows the same sort of harsh divide. he is now enjoying an approval rating that he is not enjoyed since early in his term, 54% approve, but you see again if you look at the left side of your screen how this is polarized, with 87% of republicans saying they disapprove. 93% of democrats say they approve. independence in the middle, 48. so you still have this very polarized view of what's going on but there has been a general improvement and that has come largely from independence coming back getting a more even rating to the president. >> we also asked currently the country trust can we as a question of do you approve or disapprove between what we just went through. you see 54-40 to approve, disapprove. we ask that of congress also. do you approve or disapprove the way congress is current handling its job? 72% disapprove. 21% approve. in this current time of this discussion you can see some benefits to the white house. who do you trust more to develop solutions and meet the country's economic challenges? the president has
if you look at president obama's job approval rating, it follows the same sort of harsh divide. he is now enjoying an approval rating that he is not enjoyed since early in his term, 54% approve, but you see again if you look at the left side of your screen how this is polarized, with 87% of republicans saying they disapprove. 93% of democrats say they approve. independence in the middle, 48. so you still have this very polarized view of what's going on but there has been a general improvement...
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voting overwhelmingly for president obama. california had like 20 points for the obama team. why not ask for the help? we help you, now you help us. it is implicit in the election. megyn: detroit has a jobless rate of 18.9% in october. can you imagine that? the population has plunged by 25% over the last decade. 30,000 homes stand vacant in that city. even if we wanted to bail them out, could you even put a price tag on our? >> no, you could not. they have no money left. they are right on the edge of bankruptcy. megyn: this is a long time coming. this isn't necessarily caused by the wall street meltdown. >> in 1964, it was the most important manufacturing sector in the world. it has been downhill since then. a bailout actually wouldn't really help them. they may be kicking the can for six months, but it essentially doesn't help. megyn: the notion that someone else needs to fix the problem -- somebody other than us needs to fix the problem. the city council of detroit, which is what they have been elected to do. we took a look at a video that was put out by the illinois govern
voting overwhelmingly for president obama. california had like 20 points for the obama team. why not ask for the help? we help you, now you help us. it is implicit in the election. megyn: detroit has a jobless rate of 18.9% in october. can you imagine that? the population has plunged by 25% over the last decade. 30,000 homes stand vacant in that city. even if we wanted to bail them out, could you even put a price tag on our? >> no, you could not. they have no money left. they are right on...
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president obama is leaving washington too though he is only heading across the potomac river, going to suburban virginia to speak to a middle-class family and he will press congress to protect those making less than $250,000 a year from tax increases by raising rates on those making more. in washington it is the same fight. >> president obama, democrats in congress have ever been ambiguous, provide economic security for 90% of american families and 97% of small businesses asking the wealthiest 2% to contribute just a little more to stop this runaway debt. >> what the president is really interested in as we learned just yesterday he is getting as much taxpayer money as he can first by raising taxes on small business that he believes are making too much money and then on everybody else. >> there is movement on these talks and president obama and john boehner spoke on the phone days after republicans offered a hundred billion dollars of tax revenue. republicans say they're waiting on a counteroffer from the white house. back to you. dennis: should republicans hold out and let us go over t
president obama is leaving washington too though he is only heading across the potomac river, going to suburban virginia to speak to a middle-class family and he will press congress to protect those making less than $250,000 a year from tax increases by raising rates on those making more. in washington it is the same fight. >> president obama, democrats in congress have ever been ambiguous, provide economic security for 90% of american families and 97% of small businesses asking the...
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Dec 5, 2012
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. >> we're going to have to see the rates on the top two percent go up. we're not going to be able to get a deal without it. >> reporter: in his first interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider lowering rates again for the top two percent next year as part of a broader tax overhaul. the house republican plan envisions $2.2 trillion in deficit reductions over the next decade. $800 billion would come from new revenues but with no hike in tax rates for top earners. instead the plan relies on $1.2 trillion in reduced spending including $600 billio
. >> we're going to have to see the rates on the top two percent go up. we're not going to be able to get a deal without it. >> reporter: in his first interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to...
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Dec 7, 2012
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i think john boehner has to go back to his members and say look, president obama won the election, polling suggests we republicans lose if we go over the cliff, and i got this one thing that's going to mitigate your unhappiness over the fact that we're moving up rates on the wealthiest americans. he needs the third part to sell the whole package. >> and david, there is a jobs report today which sort of mixed news for everyone. it's a good number, down to 7.7%, unemployment, 146,000 new jobs added but the downside is that fewer people were in the labor force a lot fewer, because people gave up on even trying. >> i think this is one of the more provocative questions and get to it on sunday, which is, are we too focused on the debt. are we not focused enough on what the government can be doing to try to spur job growth? beyond just -- >> there was a stimulus piece in the offer from the white house that was laughed at by the -- >> laughed at but could end up surviving. one of the things about the president's initial offer is it may have sent a bad signal to conservatives but it did have the ef
i think john boehner has to go back to his members and say look, president obama won the election, polling suggests we republicans lose if we go over the cliff, and i got this one thing that's going to mitigate your unhappiness over the fact that we're moving up rates on the wealthiest americans. he needs the third part to sell the whole package. >> and david, there is a jobs report today which sort of mixed news for everyone. it's a good number, down to 7.7%, unemployment, 146,000 new...
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Nov 29, 2012
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how much does obama care add? what is our growth rate? you know, we don't have a plan. >> yeah. >> and we're throwing these dollar numbers around like if they were nothing. >> i spoke with james clyburn, representative clyburn last hour, about the notion of raising tax rates on the wealthy and not where the president wants them. he said i want it higher. take a listen and then talk about it. >> we know where the president is. and that is 250,000. but there are a lot of democrats who voiced back before the campaign 500,000. some say even a million. all of that's going to be negotiated. the president wants 250. if mr. boehner wants to come and offer something different, i'm sure he'll do that but the president stands at 250. which is below even where i was but he won the election. >> do you think that's where the compromise is, have it at a higher rate, somewhere in there? >> i think what needs to happen is for the democrats to come forward with ideas for expenditures. because if not, what he's asking for is for speaker boehner to negotiate
how much does obama care add? what is our growth rate? you know, we don't have a plan. >> yeah. >> and we're throwing these dollar numbers around like if they were nothing. >> i spoke with james clyburn, representative clyburn last hour, about the notion of raising tax rates on the wealthy and not where the president wants them. he said i want it higher. take a listen and then talk about it. >> we know where the president is. and that is 250,000. but there are a lot of...
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Nov 30, 2012
11/12
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called the fiscal split or the fiscal cliff because president obama's plan to avoid the fiscal cliff is not exactly flying with republicans. 32 days now count with me 32 tax rates soar, spending cuts automatically kick in and keep in mind there is a date that we're watching also before this, congress break for the holidays in all of 14 days. >> so to review the president's plan calls for $1.6 trillion in tax hikes, $50 billion in new stimulus spending, and $400 billion in unspecified cuts. the president for himself he's heading to a manufacturing plant in pennsylvania today to try to sell that idea. house speaker john boehner's reaction was essentially, get serious. so we want to talk about the numbers behind this. we're going to bring in ken rogoff, professor of economics and public policy at harvard university. you heard the specifics of the plan, $1.6 trillion in new taxes, $400 billion in unspecified cuts, $50 billion in new stimulus. how does this sound to you? >> well, it certainly sounds like a plan. and i do think we have to see some mix of higher revenues starting now and fr
called the fiscal split or the fiscal cliff because president obama's plan to avoid the fiscal cliff is not exactly flying with republicans. 32 days now count with me 32 tax rates soar, spending cuts automatically kick in and keep in mind there is a date that we're watching also before this, congress break for the holidays in all of 14 days. >> so to review the president's plan calls for $1.6 trillion in tax hikes, $50 billion in new stimulus spending, and $400 billion in unspecified...
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is that what they want to do what is right to raise the rates? speak of the american people want us to fight to cut spending. it is a fight we are happy to have. >> a house aide said president obama and house speaker john boehner spoke on3 the phone yesterday afternoon, their first conversation a week and since republicans offered $800 billion in new tax revenue and more than a trillion dollars in spending cuts, republicans say they're still waiting on a counter offer from the white house. lori: i wonder if they're talking football. >> it got messy. melissa: the house may be sending the members home t for e president seems to think if they got down to business, it is an easy fix. melissa: we can probably solve this in about a week. melissa: piece of cake. he thinks it is too late to get anything done before the end of the year as both sides are too far apart on key issues. joining us now, financial economist at jefferies. we think it is too late, we're going over the cliff. how come? >> not enough time to address all the issues that need to be ad
is that what they want to do what is right to raise the rates? speak of the american people want us to fight to cut spending. it is a fight we are happy to have. >> a house aide said president obama and house speaker john boehner spoke on3 the phone yesterday afternoon, their first conversation a week and since republicans offered $800 billion in new tax revenue and more than a trillion dollars in spending cuts, republicans say they're still waiting on a counter offer from the white...
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Dec 3, 2012
12/12
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it was obama versus romney. he keep come back to this that you heard bill crystal say what the hell are we doing as a party? even tom kohl said let's buy in 98% and get it out of the way and take credit for it. why is bajner refuse to go schedule a boat on that proposal. >> obtain doesn't have the votes. simple math, this is sort of the reality of washington. >> doesn't have the votes to block it? >> he doesn't have the votes to pass any kind of tax reform from his own caucus. they operate by a rule called the majority of the majority. effectively the house republicans will do whatever the majority of their caucus says is okay with. you know, they don't have that majority. >> if they deck -- okay. i am trying to understand where boehner is coming from. right? >> yeah. >> bill: because i think this is a time for sleepered. i am say that. not you. if he allowed that the democrats would vote for it. they don't need that many republicans. it seems to me that the pressure, then, on the republicans, a good number of t
it was obama versus romney. he keep come back to this that you heard bill crystal say what the hell are we doing as a party? even tom kohl said let's buy in 98% and get it out of the way and take credit for it. why is bajner refuse to go schedule a boat on that proposal. >> obtain doesn't have the votes. simple math, this is sort of the reality of washington. >> doesn't have the votes to block it? >> he doesn't have the votes to pass any kind of tax reform from his own caucus....
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their marginal federal tax rate from 36% to 39.6%. we're talking about a 3.6 percentage point uptick for households making more than $250,000 a year, only on every dollar they make above the $250,000 amount. starts 2 s at $251,000. it is on the money you make on the margin. now, while i totally agree every penny counts when it comes to your money, when you compare that to the taxes most americans paid out in past decades, when there was phenomenal economic growth, i don't get why republicans are screaming bloody murder about this 3.6%. what if we were all to chip in a little more. we need taxes, we need government programs, particularly the ones that use the scale and scope of government to get better deals and greater efficiency than the private enterprise can achieve. now, despite what you're being told, taxes as they stand are not an impediment to our long-term economic growth. not getting a grip on government spending will be an impediment. the solution can be found by looking for smartly targeted spending cuts in conjunction with
their marginal federal tax rate from 36% to 39.6%. we're talking about a 3.6 percentage point uptick for households making more than $250,000 a year, only on every dollar they make above the $250,000 amount. starts 2 s at $251,000. it is on the money you make on the margin. now, while i totally agree every penny counts when it comes to your money, when you compare that to the taxes most americans paid out in past decades, when there was phenomenal economic growth, i don't get why republicans...
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Dec 4, 2012
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to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> let's talk about the fiscal cliff and more with congresswoman debbie wasserman schultz of floor, chair of the democratic national committee. and the president has nominated you for another term. let's talk about the fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as was the case during the clinton administration or is there some wiggle room in between 35% and 39.6%? >> the president has repeatedly said there's room for compromise. but what this boils down to is a matter of fairness and a matter of math. giving certainty to the middle class is essential. there's no way mathematically, if you look at the republican's proposal, that you can get to the deficit reduction that we need to with preserving the middle class tax cuts by not increasing as the republicans refuse to do the upper tier rates. there's
to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> let's talk about the fiscal cliff and more with congresswoman debbie wasserman schultz of floor, chair of the democratic national committee. and the president has nominated you for another term. let's talk about the fiscal cliff. the president says the republicans have to agree to raising the marginal tax rate for the wealthiest top 2% from 35%. does he mean it has to go back up to 39.6% as...
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Dec 3, 2012
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that's after he delivered a proposal from president obama but john boehner doesn't like it. >> i was just flabbergasted. i looked at him and i said, you can't be serious. >> if they are gonna force higher rates on virtually all americans because they are unwilling to let tax rates go up on 2% of americans, that's the choice they will -- they will have to make. >> if congress dodge act by the end of the year, tax cuts go up for everyone and across-the- board tax cuts go up. >>> the state is going to pay public schools and community colleges the $1.9 billion it owes them. it's money that should have been paid out over the summer buts -- but was deferred. and in march, schools will get another payment of nearly $1 billion the state was going to defer until april. >>> 8:17. students in five states will be in school longer. selected schools in colorado, connecticut, massachusetts, new york and tennessee are da to announce today that they are -- are due to announce today they are adding 300 hours of class time. >>> the boy scout denied his eagle scout award because he's gay will be honored
that's after he delivered a proposal from president obama but john boehner doesn't like it. >> i was just flabbergasted. i looked at him and i said, you can't be serious. >> if they are gonna force higher rates on virtually all americans because they are unwilling to let tax rates go up on 2% of americans, that's the choice they will -- they will have to make. >> if congress dodge act by the end of the year, tax cuts go up for everyone and across-the- board tax cuts go up....
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you don't increase the rates as much as obama wants. you do some stuff on deductions and so-called loopholes that the republicans want. you create $1.2 trillion of revenue. you have a trillion dollars of savings from some stuff that happened already last year, do some stuff on defense, you could get the $4 trillion package that we need. it's not hard. you just have two sides that are so polarized, have dug themselves into such deep corners, and just seem unwilling to get out of them. >> it will get done. remember i told you that. >> from donnie's lips. >>> let's get to some of your charteds here because katty asked you what happens if we do go over the cliff. let's look at some of the real consequences. the uncertainty index is your first one. >> as i said, we don't know what happens, but there's a few indicators that give us a sense as to at least where people, business and the economy is at the moment. one interesting index that i came upon is called the uncertainty index. it's done by several economists where they attempt to incorpor
you don't increase the rates as much as obama wants. you do some stuff on deductions and so-called loopholes that the republicans want. you create $1.2 trillion of revenue. you have a trillion dollars of savings from some stuff that happened already last year, do some stuff on defense, you could get the $4 trillion package that we need. it's not hard. you just have two sides that are so polarized, have dug themselves into such deep corners, and just seem unwilling to get out of them. >>...
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Dec 5, 2012
12/12
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he sent to president obama. but the problem is, we can agree or disagree with the president's position. i honestly take the president at his word. i do not believe there will be a deal here without some increase in tax rates for the top 2%. it doesn't have to be all of it, but some of it. i think the president has changed his tune a bit from the way he's handled some of these other negotiations. and take everything you say and turn it around. boehner and the republicans have to be aware of where obama's at in his own head and with his colleagues, which is no deal without some increase in rates, or we go over the cliff. >> let me just add one thing. when obama made that initial offer, we talked a little bit about how, you know, it was a wish list. it was ideological, whatever you want to say. i think it actually helped boehner in some respects because it gave him three or four things that he could then go back to his caucus and say, look, i moved obama off of this, this and this. and when boehner put his offer ou
he sent to president obama. but the problem is, we can agree or disagree with the president's position. i honestly take the president at his word. i do not believe there will be a deal here without some increase in tax rates for the top 2%. it doesn't have to be all of it, but some of it. i think the president has changed his tune a bit from the way he's handled some of these other negotiations. and take everything you say and turn it around. boehner and the republicans have to be aware of...
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Nov 29, 2012
11/12
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obama won. the american people are very clear. that at a time when the middle class is disappearing and the people on top are doing phenomenally well and as warren buffett mind us, their effective tax rate is quite low. the wealthy are going to have to start paying their fair share of taxes. and i am happy to report to you what you already know. is that more and more republicans are catching on to that fact. >> but the republicans did maintain a significant majority in the house of representatives and it takes two to tango. >> absolutely. but i think the republicans are also good politicians. they have seen the polls, they have seen the election results and more and more republicans have been saying, you know what, we're going to have to ask our wealthy friends to start paying their fair share of taxes and do what we did in the senate, which is protect the bottom idea. >> but you're not open to any cuts in entitlement spending? >> well, first of all, social security, as most americans know -- >> what about medicare and medicaid? >
obama won. the american people are very clear. that at a time when the middle class is disappearing and the people on top are doing phenomenally well and as warren buffett mind us, their effective tax rate is quite low. the wealthy are going to have to start paying their fair share of taxes. and i am happy to report to you what you already know. is that more and more republicans are catching on to that fact. >> but the republicans did maintain a significant majority in the house of...